Report: Cannabis industry capital raises reach $1.8B in 2017

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Capital raises in the North American cannabis industry have reached a staggering $1.8 billion in the first three quarters of 2017, up from $720 million a year ago, according to Viridian Capital Advisers’ Cannabis Deal Tracker.

The raises are a compilation of deals brokered by 164 public companies and 105 private ones, with an average raise of $6.7 million. That’s more than twice the average raise amount from a year ago of $3 million, Benzinga reported.

More than $1.5 billion of those raises were in exchange for company equity, however, while only $247.5 million were for debt,

Report: Cannabis industry capital raises reach $1.8B in 2017 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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